You need to learn to read the news. Nobody expected a loss for Apple in Q4. Most expected poor quarter and this is exactly what happened. AAPL is $490 (-$24) right now in after hours. The profits were essentially flat compared to year ago reflecting shrinking profit margins. Expect APPL to continue going down from here.
I cannot believe that after buying my stock at $100 its now worth over $15,000 and will soon be over $65,000! I hope these guys are right. This has got to be one of the best days ever!
Wow; I'm frankly surprised at the news. Considering all the misinformation leading up to the Q1 results I was expecting for Apple to report a slight loss.
Keep up the great work Apple!
Nice! Now let the stock get back to $700+; heck, even to $1000 would be fine.
What tha heck do you people even expect? A 100million iPhones every quarter? 47 Million is awesome.
CPU Net Sales at 10% - anyone have end over end statistics on this for the past decade? I remember the transition from "Apple Computer" to "Apple, Inc." and everyone's predictions that Apple computers of any kind were slowly going to die out. This seems to be shaping up to be true (especially now that the XSan and XServe are gone, however insubstantial their sales were, and the ever-pending Mac Pro update), even though Mac OS is about 12% market share. Death Knell for Apple CPU products, or business as usual nowadays in a highly diversified company with significant lock-in on several market verticals?
The issue is that most of these analysts aren't qualified to be setting these #s or projections...in fact the only one setting guidance should be Apple.
This is the basic issue.
Apple didn't miss anything..in fact they beat their guidance which should be what matters along with increased profits and revenues..which were both up.
Meanwhile Google missed on their guidance and the stock went up. Meanwhile Apple makes theirs and it's down...
Just proves the market is manipulated.
The issue is that most of these analysts aren't qualified to be setting these #s or projections...in fact the only one setting guidance should be Apple.
Did you catch the fact that they had 14 weeks in fiscal Q1 last year and 13 weeks in fiscal Q1 this year? If you break it down by week they saw a 14% increase in profit year-over-year.
Stock is down because of this age old saying people:
Buy on the rumor, sell on the news.
Ethan
compared to 13.06 billion profit last year same time
if you really think best buy and other retailers are taking a hit on the iphone discounts you are naive
iPod sales being down YoY, isn't that much of a surprise, but the lower iMac sales was perhaps unexpected. I wonder if supply constraints of the new iMacs hadn't been an issue, if that could have resulted in YoY growth?
Even though we're used to/numbed by, and even expecting, these kinds of overall growth figures, they are very respectable nevertheless.
This is the basic issue.
Apple didn't miss anything..in fact they beat their guidance which should be what matters along with increased profits and revenues..which were both up.
Meanwhile Google missed on their guidance and the stock went up. Meanwhile Apple makes theirs and it's down...
Just proves the market is manipulated.
There's no exciting product pipeline for 2013. Expect the stock to go down from here. It's the same old thing.
Year over year decline in earnings.
Apple is in no danger of going bankrupt, but the bloom is clearly off the rose.
Eh yes they were, larger revenue this year, yet almost the same profit. Wall street wants to see growth year on year not stagnation.
It's not us that expect 100 million iPhone sales but these idiot analysts with their bloated expectations.
I'm one who realizes that Apple is still profitable whether they sell 47 or 45 or 60 million iPhones.
Stagnation is OK if the company pays meaningful dividend (which APPL does not). Expect them to announce dividend increases during the conference call.